Good looking bike. There is some over brush or house paint. The chain guard with turquoise and white/cream; bike's color is blue, not turquoise. The fender tip is over painted with the same white/cream and taped off to the org red pin stripe, just a tad over the red pin stripe. There might be some decorated pin striping under the light mounting holes that would make it even more prettier. You're not showing back side of rear fender. If the back has a decorative striping then the front would have it, just under the fender light holes too. Otherwise the pin striping on both fenders is always special on a CWC;s paint schemes, 3 strips adds color and decoration. Two stripes side of fender and another beside the white tip, 3. The mad hatter,, CWC's decorative color usage makes em stand out. If there's another stripe next to the red on fender tip, it would kick it off and if there is another under under that white tip, even more. The top bar is also over painted. You'll notice the lower bar has pin striped darts, the top was the same.
All of the over paint, if removed, if there's more under the fender tips would be tough decision to remove B/C, there and chain guard are are areas that typically get scratched and dented, hence the over paint. The top bar too but, it's pretty currently that might not be as appealing if scrubbed off.
Girl's bikes are not high value performers and typically worse when house painted. Had it not been
'touched-up' so much, I could see worth, potentially, double the $300 call, maybe, probably, more, even used and only mildly scratched up, just because of all the mad hatter's special paint scheme on it.
It is likely to always wonder if ya dare to remove the house paint to see if it has surprises still under it or too warn and scratched and not.
For example: This CWC Western Flyer, approx.. 1949-51, is not over painted 'touched up' but an example difference in a Special and standard. Doesn't have an extra pin stripe. (photo on ebay currently, not mine nor do I know who's selling it) There's only 1 verses 2 on the sides of fenders.
Moreover, in your case an introduction too CWC or what's special about yours. That might be missing under your fender tip, over paint, an extra decorative striping like this has or at least another hidden pin stripe. It's moreover a standard paint scheme and quite hard to find that' is in this condition. whereas yours is prettier and makes that
Special difference in value. Especially that, CWC got taken over by AMF in 1952 where a 53 CWC Special (extra pin striping) is probably the last of its kind from the mad hatter (CWC owner, President, creator) himself.